January 18, 2016/NDIC Following the introduction of mobile banking in Nigeria by the Central Bank of Nigeria (CBN) which issued operating licences to many deposit money banks (DMBs) and telecommunication companies to provide mobile banking services, the Nigeria Deposit Insurance Corporation (NDIC) has released deposit insurance guidelines on the mobile […]
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Nigeria’s Buhari requests withdrawal of 2016 budget to make changes – sources
Sun Jan 17, 2016/Reuters By Julia Payne and Felix Onuah Nigerian President Muhammadu Buhari has written to parliament requesting the withdrawal of the 2016 budget in order to make changes, sources at the presidency and Senate said on Sunday. Buhari unveiled the budget for Africa’s biggest economy in December, which […]
Nigeria’s Inflation Rise 9.6% on Imported Foods
By Peter OBIORA InvestAdvocate http://www.nigerianstat.gov.ng/pages/download/340 Lagos (INVESTADVOCATE)-Nigeria’s inflation rose 9.6 percent in the month of December 2015 on imported foods a 0.2 percent higher than what was recorded in November, according to the National Bureau of Statistics (NBS) latest report. NBS says apart from higher prices of imported food items […]
